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19. % BAD Company issues 9%,10-year bonds with a face amount of $1,000,000 on January 1,20A for $1,000,000. Interest is paid semiannually on June 30

19. \% BAD Company issues 9%,10-year bonds with a face amount of $1,000,000 on January 1,20A for $1,000,000. Interest is paid semiannually on June 30 and December 31 . What was the market interest rate for the bond issuance

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